22 T H E C U B A R E V I E W 



EARNINGS OF THE HAVANA ELECTRIC RAILWAY, LIGHT & POWER CO. 



Month of October : 1919 1918 1917 1916 1915 1914 



Gross eamin^s $S71 ,(i21 $73:i,44;t .$r):$r),822 !f!r);}2,:ir)S !j!40:j,:58r) $4(54,4:18 



Operating expenses 40!»,4:i2 ;;41, r)H» 2Sl,Gsr) 197,20r> 18,S,820 197,:i01 



Net earnings 4(52,189 391,924 354,137 335,153 274,565 267,137 



Miscellaneous income 6,890 6,847 11,909 11,014 15,083 6,361 



Total net income 4(59,079 398,771 366,046 346,167 289,(548 273,498 



Surplus after (leiliict. fixed chgs. 313,858 220,317 211,(58.s 213,(522 182,4M() 1(1(5, i:n 



ii> Months to Ottoln'r ^ist : 



Gross earnings 7,59(5,4(58 6,775,950 5,672,408 4,939,812 4,572,321 4,477,(542 



Operating expenses 3,732,047 3,106,866 2,467,154 1,889,831 1,872,659 2,102,(500 



Net earnings 3,8(54,421 3,669,084 3,205,254 3,049,981 2,699,662 2,375,042 



Miscellaneous income 86,500 114,804 118,359 110,943 92,001 93,365 



Total net income $3,950,921 $3,783,888 $3,323,613 $3,160,924 $2,791,(563 $2,4(58,407 



Surplus after deduct. fixeil chgs. $2,433, 101 .$2,134,472 $1,755,841 $1,873,723 $1,707,328 $1,399,361 



CUBAN FINANCIAL MATTERS 



THE rUKVAlLlNU PKICKS LXHl CUBAN SECURITIES 



As quoted by Lawrence Tunnire & Co., New York. 



Bid As Led 



Republic of Cnhn Interor Loan 5% Bonds 70% 80% 



Republic of Cuba Exterior Loan 5% Bonds of 1944 01% 92 



Itepublic of Cuba Exterior Loan 5% Bonds of 1940 85 87 



Republic of Cubii Exterior lioan 414% Bonds of 1040 75 751/, 



Havana City I'ir.'^t Mortgage 0% Bonds 00 1()(» 



Havana City Second Mortgage G% Bonds OS 00 



Cuba Railroad Preferred Stock GS 70 



Cuba Railroad Co. First Mortgage 5% Bonds of 1952 6S (58% 



Cuba Company 6% Debenture Bonds 80 82 ~ 



Cuba Company 7% Cumulative Preferred Stock 80 02 



Havana Electric Ry. Co. Consolidated Mortgage 5% Bond.s 85 85% 



Havana Electric Ry., Light & Power Co. Preferred Stock 00 100 



Havana Electric Ry., Light & Power Co. Common Stock 98 09 



Matanzas Market Place S% Bond Participation Ctfs 1(.)0 



Cuban-American Sugar Co. Preferred Stock 100 10.5 



Cuban-American Sugar Co. Common Stock 4l>0 440 



Guantanamo Sugar Company Stoclc ^-jg >j;82 



Santiago Electric Li.dit iVi Tnictlnn Co. 1st Mort. (i% lionds '.".'.'.*.". 72% 76% 



THE TRUST COMPANY OF CUBA i"i« H>at fund .f;75U,00(>, or 150 per cent. 



The Trust Company uC Cuba has just •'•""l^Jiml to capital, 



closed its most successful vear The net Eighty-five thousand seven hundred and 



profits have been $2:!5,i02, or 47 per cent """" '^^^'^'■' ^'""^ ^^^" "^^'"^^^^ ^^'^^" "^ 1^™*^^ 



a>id loss account to provide for taxes and 



as to capital. dividends for the coming vear. 



One hundred an.l fifty thousan<l dollars ^he Trust Company pays dividen.ls at 



has l)een transferred to reserve fund, 111:1k- the rate of 12 per cent, per annum. 



